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NEW QUESTION: 1
You are a Google AdWords consultant for several clients and you want to introduce them to
advertising on YouTube. One of your clients is skeptical of advertising on YouTube and they would like to know several reasons why they should invest in YouTube. Which one of the following is a valid statement about YouTube that would appeal to your client?
A. YouTube users watch close to 1 million videos per day.
B. YouTube advertising costs less than Google AdWords.
C. People perform so many searches on YouTube that it is the second largest search engine in the world.
D. Google AdWords captures the history of what users have watched so advertisers can target to videos their audience prefers.
Answer: C

NEW QUESTION: 2
You develop an HTML5 webpage. You have the following HTML markup:

You need to call the click event for the addOneItem button a determined number of times when the user clicks the addBoxOfItems button.
Which code segment should you add to the webpage?

A. Option D
B. Option A
C. Option B
D. Option C
Answer: A
Explanation:
Explanation/Reference:
jQuery provides a way to trigger the event handlers bound to an element without any user interaction via the .trigger() method.
jQuery's event handling system is a layer on top of native browser events. When an event handler is added using .on( "click", function() {...} ), it can be triggered using jQuery's .trigger( "click" ) because jQuery stores a reference to that handler when it is originally added. Additionally, it will trigger the JavaScript inside the onclick attribute.
Reference: Triggering Event Handlers

NEW QUESTION: 3
Jerry Edwards is an analyst with DeLeon Analytics. He is currently advising the CFO of Anderson Corp., a multinational manufacturing corporation based in Newark, New Jersey, USA. Jackie Palmer is Edwards's assistant. Palmer is well versed in risk management, having worked at a large multinational bank for the last ten years prior to coming to Anderson.
Anderson has received a $2 million note with a duration of 4.0 from Weaver Tools for a shipment delivered last week. Weaver markets tools and machinery from manufacturers of Anderson's size. Edwards states that in order to effectively hedge the price risk of this instrument, Anderson should sell a series of interest rate calls. Palmer states that an alternative hedge for the note would be to enter an interest rate swap as the fixed-rate payer.
As well as selling products from a Swiss plant in Europe, Anderson sells products in Switzerland itself. As a result, Anderson has quarterly cash flows of 12,000,000 Swiss franc (CHF). In order to convert these cash flows into dollars, Edwards suggests that Anderson enter into a currency swap without an exchange of notional principal. Palmer contacts a currency swap dealer with whom they have dealt in the past and finds the following exchange rate and annual swap interest rates:
Exchange Rate (CHF per dollar) 1.24
Swap interest rate in U.S. dollars 2.80%
Swap interest rate in Swiss franc 6.60%
Discussing foreign exchange rate risk in general, Edwards states that it is transaction exposure that is most often hedged, because the amount to be hedged is contractual and certain. Economic exposure, he states, is less certain and thus harder to hedge.
To finance their U.S. operations, Anderson issued a S10 million fixed-rate bond in the United States five years ago. The bond had an original maturity often years and now has a modified duration of 4.0. Edwards states that Anderson should enter a 5-year semiannual pay floating swap with a notional principal of about
$11.4 million to take advantage of falling interest rates. The duration of the fixed-rate side of the swap is equal to 75% of its maturity or 3.75 (= 0.75 x 5). The duration of the floating side of the swap is 0.25.
Palmer states that Anderson's position in the swap will have a negative duration.
For another client of DeLeon, Edwards has assigned Palmer the task of estimating the interest rate sensitivity of the client's portfolios. The client's portfolio consists of positions in both U.S. and British bonds.
The relevant information for estimating (he duration contribution of the British bond and the portfolio's total duration is provided below.
U.S. dollar bond $275,000
British bond $155,000
British yield beta 1.40
Duration of U.S. bond 4.0
Duration of British bond 8.5
When discussing portfolio management with clients, Edwards recommends the use of emerging market bonds to add value to a core-plus strategy. He explains the characteristics of emerging market debt to Palmer by stating:
1. "The performance of emerging market debt has been quite resilient over time. After crises in the debt markets, emerging market bonds quickly recover after a crisis, so long-term returns can be poor."
2. "Emerging market debt is quite volatile due in part to the nature of political risk in these markets. It is therefore important that the analyst monitor the risk of these markets. I prefer to measure the risk of emerging market bonds with the standard deviation because it provides the best representation of risk in these markets." Which of the following is closest to the duration contribution of the British bond and the portfolio's total duration from a U.S. perspective?
British bond Portfolio duration
A. 2.19 4.75
B. 4.29 6.85
C. 3.06 5.62
Answer: B
Explanation:
Explanation/Reference:
Explanation:
If 5275,000 is invested in the U.S. bond and $155,000 is invested in the British bond, the total value of the portfolio is $430,000. The duration contribution of the U.S. bond is (275,000 / 430,000) x 4.0 = 2.56.
To obtain the duration contribution of the British bond, we must first adjust its duration by its yield beta. The yield beta tells us how much British bond yields will change, if U.S. bond yields change by 1%. Using the yield beta of 1.40, the duration contribution of the British bond is (155,000 / 430,000) x 8.5 x 1.40 = 4.29.
The duration of the entire bond portfolio from a U.S. perspective is then 2.56 + 4.29 = 6.85. (Study Session
10, LOS 31.h)


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